CWG HOLDINGS BERHAD

KLSE (MYR): CWG (9423)

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Last Price

0.27

Today's Change

+0.005 (1.89%)

Day's Change

0.27 - 0.27

Trading Volume

80,000


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586 comment(s). Last comment by Fznzm Abdullah 2024-01-10 15:26

Icon8888

18,658 posts

Posted by Icon8888 > 2017-02-07 10:13 | Report Abuse

This counter very sexy one

Super small cap, easy to goreng, especially if result good

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-02-07 11:17 | Report Abuse

icon promotes $ 50 million market cap company...shame shame.


I guess because Air Asia today announces price wars and prices war means mutual destruction.

Posted by Alex Lim Jun Xiong > 2017-02-07 16:26 | Report Abuse

Result not yet out already goreng?

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-02-07 17:15 | Report Abuse

so what the massage deliver for this goreng?

nakata

306 posts

Posted by nakata > 2017-02-07 19:21 | Report Abuse

Look like really moving :)

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-02-07 20:01 | Report Abuse

Chicken year, wah so great

Icon8888

18,658 posts

Posted by Icon8888 > 2017-02-16 14:49 | Report Abuse

Easily 150 by month endc

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-02-22 18:31 | Report Abuse

good result.RM4.341 mil (EPS10 cents),if every quarter same earning per share.TP should change again.let guess the TP for next quarter.

nakata

306 posts

Posted by nakata > 2017-02-22 23:01 | Report Abuse

Hopefully the price will shoot up tomorrow, the only cons for this counter is lack of media exposure

nakata

306 posts

Posted by nakata > 2017-02-22 23:03 | Report Abuse

One important note from prospect: management expect to achieve better result compare to last year

Posted by RUOutOfUrMind > 2017-02-22 23:13 | Report Abuse

Insiders eat all & leave dust for others, price goreng weeks before QR released, hate this kind of company & movement.

zhangliang

728 posts

Posted by zhangliang > 2017-02-23 11:46 | Report Abuse

lets see. some collection can be seen today

Icon8888

18,658 posts

Posted by Icon8888 > 2017-03-16 09:41 | Report Abuse

Lai Liao Lai liao

ttluck

769 posts

Posted by ttluck > 2017-03-16 10:07 | Report Abuse

TP?

Icon8888

18,658 posts

Posted by Icon8888 > 2017-03-16 11:07 | Report Abuse

Thx hippo

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-03-29 22:13 | Report Abuse

Icon8888,are you sure this stock will shout up to RM2,than i wil hold until that price

goody99

1,773 posts

Posted by goody99 > 2017-04-10 09:53 | Report Abuse

Not bad...

seawind

1 posts

Posted by seawind > 2017-04-19 17:18 | Report Abuse

any news on meeting today?

yesyesyes

727 posts

Posted by yesyesyes > 2017-04-19 18:11 | Report Abuse

Not news is bad news liao .. hahah

vcgh23

113 posts

Posted by vcgh23 > 2017-05-22 17:33 | Report Abuse

Icon8888 sifu.. any comment for this upcoming QR result.... should be quite positive right ??? since the share price start reacting ... up 10 cent so much today...

Lee Yih Yeong

1,771 posts

Posted by Lee Yih Yeong > 2017-05-22 17:36 | Report Abuse

The CEO which doing a good job is having a good time in my company.

zzzpk

74 posts

Posted by zzzpk > 2017-05-25 09:15 | Report Abuse

why this counter nobody discuss about the result?

Tom

2,984 posts

Posted by Tom > 2017-05-30 10:26 | Report Abuse

这公司的新厂正在建设中,看到告示牌好像写着 campap by cheewah

zzzpk

74 posts

Posted by zzzpk > 2017-05-30 10:30 | Report Abuse

keep dropping...

Tom

2,984 posts

Posted by Tom > 2017-05-30 11:01 | Report Abuse

市值才那么小而已,而且流通股很小,要炒上容易,要下也很快

Posted by Heical Ahmad > 2017-07-03 10:18 | Report Abuse

Given notice CWCB Shares Transferred to Acc 29 June but until today not done? Why.

Tom

2,984 posts

Posted by Tom > 2017-07-13 09:23 | Report Abuse

奇怪怎么没人要卖,难道全部人都想买附加股?

FAIZUN77

116 posts

Posted by FAIZUN77 > 2017-07-13 10:24 | Report Abuse

Back in action.

Funny

2,121 posts

Posted by Funny > 2017-07-13 14:50 | Report Abuse

Any advise for this stock?

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-07-22 22:59 | Report Abuse

wonder why director keep on collect after new share issue.quarterly performance still no good.

nikicheong

2,379 posts

Posted by nikicheong > 2017-08-12 00:39 | Report Abuse

What's the status for the rights issue...? Still on or not?

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-08-18 16:28 | Report Abuse

price keep ondroping ,how to issue right.not a good time.management pls improve your quarterly report.pls dont keep on asking money from the minority shareholder.

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-08-18 16:29 | Report Abuse

ornapaper already report profit,how about our chee wah? still sleeping

nikicheong

2,379 posts

Posted by nikicheong > 2017-08-28 02:02 | Report Abuse

Keep on? AFAIK they have never done a rights issue. Also quarterly is down heavily due to one-off corporate exercise expenses (maybe again some more for the rights issue, previous one is for name change).

Might be a good long-term play. But I am more interested in buying in at a cheaper price.

FAIZUN77

116 posts

Posted by FAIZUN77 > 2017-08-29 15:48 | Report Abuse

Chee Wah declared rights issue.

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-09-05 20:22 | Report Abuse

dont buy right,wait until drop below 50 cent then you wil buy at cheaper price

4444

1,799 posts

Posted by 4444 > 2017-09-05 20:29 | Report Abuse

Not Icon8888 share? Why poor QR still 55.5 sen? 20-30 sen only fair ma.

nikicheong

2,379 posts

Posted by nikicheong > 2017-09-05 20:58 | Report Abuse

Good prospects most likely. Management knows something is up. They sapu the shares in the open market slowly and they have given their commitment to the rights issue, even though the rights issue is not necessary since CWG has ample FCF, sufficient working capital and an adequate current ratio. Net gearing at 0.35X.

So ask yourself...why management so syoik to rights issue? They know more than us...they want to increase their stake at the expense of the small holder. They probably foresee that costs are under control.

I might enter to test my theory above, but only at roughly 0.45 cents to give myself some room for error in judgement.

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-09-06 13:40 | Report Abuse

agree.wil enter when 45 cent or below.

damon

90 posts

Posted by damon > 2017-09-12 10:25 | Report Abuse

oh come on...

nikicheong

2,379 posts

Posted by nikicheong > 2017-09-21 18:53 | Report Abuse

Got some CWG-OR today. Will subscribe to their rights soon.

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-09-23 15:26 | Report Abuse

niki,what the good newthat you willing to subscibe CWG right.unless they change their business in future or may be target for take over due to so cheap price.the right issue only for repay long term loan & operation cost

nikicheong

2,379 posts

Posted by nikicheong > 2017-09-24 18:22 | Report Abuse

sapurakencana, I believe the rights issue is unnecessary in the normal course of business. CWG's financial ratios, balance sheet and net debt/net gearing have all improved over the past few years. Profitability is increasing.

As such, to me, the rights issue is a very fishy move. If you read the financial statements, it seems they want to sell Arto to European market in larger quantities. This requires a larger working capital, which they will fund from this rights issue. Arto also promises higher profit margins given its premium product status.

Prior to the rights issue, one of the Director's and the Chairman's daughter have been aggressively buying shares from the market. It's either they are doing it to support the share price to ensure the rights issue takes place, or it is because they want to increase their stake because they know business will be better.

The Executive Director (with merely 14% ownership at present) has pledged to subscribe to 52% of the rights issue...again, this tells me that he knows something good is coming.

As far as I am concerned, my entry price is RM0.505. The book value per share ex-rights issue should be at around RM0.62-RM0.63. This means I buy in at P/BV of around 0.8x, which is an undemanding valuation. From a P/E ratio perspective, once you strip out one off expenses (and without factoring in future interest expense savings), I am buying in at a P/E of 8x...again very reasonable for a company that could very well experience growth of 15-25% in its bottomline annually over the next 3-5 years.

Yes, this requires some amount of extrapolation and confidence in the future of the business, but I believe I have created a sufficient margin of error for myself. CWG's product are of a good to decent quality. We have all used or seen their exercise books. Management is heavily invested in the company. Financials are improving. Valuations are undemanding. I see little downside risk, and substantial upside risk with the chance of this being a multi-bagger over the next 3-5 years.

Alas, time will tell if my investment thesis proves to be right.

Posted by handsomeboy > 2017-10-04 16:19 | Report Abuse

nnother hucker right issue 0.5 now left 0.495. dont subscribe right , direct buy from market cheaper . stupid counter drop every single day

FAIZUN77

116 posts

Posted by FAIZUN77 > 2017-10-04 16:49 | Report Abuse

hahaha... director acquiring.

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-10-05 18:58 | Report Abuse

Dear niki,thanks for your sharing.anyhow this company need some creative product to attract investor,otherwise wil see the share price keep on dropping.hope coming 2nd half report wil give us good news.Hope this counter not a sun set business.

nikicheong

2,379 posts

Posted by nikicheong > 2017-10-06 19:52 | Report Abuse

Rights issue is over-subscribed despite the fact that the rights were trading at merely RM0.005 (indicating little interest from the general public).

My opinion is all the directors oversubscribed heavily and may have had a hand in suppressing the share price around the time of the rights issue. Expect earnings to grow exponentially over the coming 1-3 years.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5566377

nikicheong

2,379 posts

Posted by nikicheong > 2017-10-06 20:15 | Report Abuse

I think it's fair to say that the market will take into account the subscription rate and accordingly the share price may well see a decent rise on Monday.

sapurakencana

1,144 posts

Posted by sapurakencana > 2017-10-07 10:28 | Report Abuse

niki: may be management hide something we dont no.but according to the daily transaction (around 150k share trade),it stil not enough to push the price cross 60 cent.unless next week the daily volume will increase to 600K per day before right issue trade on 16 oct.
i have 1 suggestion,can we share another stock : Bkoon ,it quite interesting recently.can we shift to that counter

Posted by Stevecheahsw > 2017-10-14 21:16 | Report Abuse

New shares and warrant will out on next Monday

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